Larnaca’s €30 Million Development Projects Stalled Amid Licensing Dispute

The city of Larnaca faces significant delays in the execution of crucial infrastructure projects worth €30 million due to a licensing standoff with Kition Ocean Holdings Ltd. Local authorities demand that these mature projects be prioritised over the broader development of the port and marina, citing pending directives from Kition’s legal team.

Transport Minister Alexis Vafeades assured StockWatch that the government remains committed to executing these projects before the larger port and marina developments, pending a resolution with Kition. This includes paying the €800,000 owed by Kition for various planning and building permits.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

These mature projects include upgrading the deteriorating marina, repairing the pier, and developing essential facilities such as the yacht club, police and customs offices, and government buildings for passport control. Additionally, plans include creating retail spaces, restaurants, green areas, and sports facilities to enhance the marina’s attractiveness.

Mayor Andreas Vyras stressed the urgency of decoupling these projects from Kition to expedite their implementation using state funds. The President of Cyprus has pledged to find a solution to liberate these projects from the current impasse and ensure their swift execution.

Minister Vafeades is finalising a report outlining all potential development scenarios with their respective pros, cons, and timelines. This report will be reviewed by the President, who will decide the optimal path forward for the development of Larnaca’s port and marina.

The Future Forbes Realty Global Properties

EU Farm Output Prices Decline For The First Time In Nine Months

by THEFUTURE.TEAM

March 12, 2026

EU Market Adjustments Signal New Price Trends

Agricultural output prices across the European Union declined in the fourth quarter of 2025, marking a shift after several quarters of increases. Data from Eurostat shows that farm gate prices fell by 1.9% compared with the same period in 2024.

Crisis of Declining Prices In Select Markets

Cyprus recorded one of the more notable decreases in agricultural input costs among EU member states, with prices falling by 2.6% compared with Q4 2024. The reduction eased cost pressures for the local agricultural sector following periods of higher prices earlier in 2025. Across the EU, prices for goods and services consumed in agriculture remained relatively stable. Non-investment inputs such as energy, fertilisers and feedingstuffs showed limited overall changes during the quarter.

Country-Specific Divergence In Price Movements

Eurostat data highlights considerable variation across member states. Fifteen EU countries recorded declines in agricultural output prices. Belgium registered the largest decrease at 12.9%, followed by Lithuania (8.2%) and Germany (6.0%). At the same time, twelve countries reported increases in output prices. Ireland recorded the strongest rise at 6.8%, followed by Slovenia (5.6%) and Malta (4.2%).

Stability In Agricultural Inputs Amid Commodity Shifts

Agricultural input prices also showed mixed developments. Eleven member states recorded declines, including Cyprus (2.6%), Belgium (2.1%) and Sweden (2.0%). Other countries experienced moderate increases, including Lithuania (4.2%), Ireland (3.3%) and Romania (2.5%). Among major agricultural commodities, milk prices declined by 4.1% while cereal prices fell by 8.9% across the EU. In contrast, fertilisers and soil improvers increased by 7.9%, reflecting continued volatility in input markets.

Outlook For EU Agriculture

The latest Eurostat data points to uneven price developments across the EU agricultural sector. While input prices remained broadly stable in many markets, movements in output prices varied significantly between member states. These trends highlight the need for farmers and policymakers to adapt to shifting commodity prices and changing cost structures across the European agricultural market.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram